Recently, Universal Energy successfully completed an RMB-denominated syndicated financing for its Mezgilder Qushteri 100MW wind power project in Kazakhstan. The syndicate was jointly arranged by Industrial and Commercial Bank of China Limited, Shanghai Municipal Branch, and Bank of China Limited Shanghai Branch, with the introduction of export buyer's credit insurance provided by Sinosure. The financing provides critical funding support for the project's construction, equipment procurement and ongoing operations.
The project adopts a non-recourse project finance structure embedded with export buyer's credit insurance and represents China's first privately owned renewable energy power project financing achieving a "double 95%" indemnity ratio. This landmark transaction establishes an innovative pathway for green finance to support international production capacity cooperation under the Belt and Road Initiative and advances the internationalization of the RMB.
Universal Energy is a specialized clean energy company with a global footprint aligned with the Belt and Road Initiative and global decarbonization objectives, focusing on the investment, construction and operation of wind and photovoltaic power projects. In recent years, the company has continued to deepen its presence in Belt and Road markets, particularly in Central Asia, advancing renewable energy developments in countries including Kazakhstan, Uzbekistan and Azerbaijan. To date, Universal Energy has developed a global renewable energy portfolio of approximately 3.85 GW, with commissioned projects contributing to an aggregate reduction of 8 million tons of carbon emissions worldwide. The successful closing of this project has laid a solid foundation for Universal Energy's anticipated next round of financing in Central Asia exceeding RMB 6 billion.
In this transaction, Han Kun Law Offices, acting as legal counsel to Universal Energy, provided comprehensive legal support throughout the process, including advice on the financing and security structure, regulatory and compliance matters, and governmental approvals. The Han Kun team was actively involved in the review, negotiation and finalization of the syndicated financing documentation and assisted Universal Energy in achieving a smooth and successful closing of the transaction, earning strong recognition from the client.
